Cryptocurrencies Price Prediction: Ethena, Ripple & Near Protocol — American Wrap 19 September

FXStreet Team FXStreet

Ethena Price Forecast: ENA bullish case tested as Binance’s YZi Labs deepens holdings

Ethena (ENA) ends the week on the back foot, falling to an intraday low of $0.6546 on Friday. The native token of the protocol behind the USDe stablecoin faces growing downside risks amid a weakening technical structure and an increase in volatility across the cryptocurrency market ahead of the weekend.

XRP price slides to $3 as downside risks re-emerge

Ripple (XRP) posts losses on Friday, but remains near the $3.00 level, reflecting a decline in retail interest in the broader cryptocurrency market following a minor mid-week uptrend to $3.14 triggered by the United States (US) Federal Reserve’s (Fed) dovish outlook for the fourth quarter.

Near Protocol Price Forecast: NEAR extends rebound as Ethereum revives AI economy buzz

Near Protocol (NEAR) has extended its short-term bullish outlook, trading above the $3.00 level on Friday as prices in the broader cryptocurrency market decline due to rising volatility. The token at the intersection of Artificial Intelligence (AI) and blockchain technology is signaling bullishness, with a likelihood of extending its momentum toward the resistance at $3.80.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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